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so back to the story of our hoax some prank economies in which we've been divorced from any understanding of the value or wealth or or how wealth is created so all we have are ponzi schemes and the hope of getting in early that everybody hopes to get in early on one of the they're not really against jamie dimon or lloyd blankfein are any of these other ponzi schemes being operated around the world the only time they get angry is that they weren't involved early on but because they have they have compromised the society they have to compromise morality that compromise ethics that's when the devil takes over when you have the devil's currency and zero percent interest rates and warren buffett and charlie munger down there you know almost playing with each other while they're picking insider information and manipulating prices and calling themselves geniuses that's the devil. so here in london we have this story restaurant boss starts pay revolt on bank swaps one of london's top restauranteurs has stopped paying royal bank of scotland thousands of pounds a month to service a complex derivati
so back to the story of our hoax some prank economies in which we've been divorced from any understanding of the value or wealth or or how wealth is created so all we have are ponzi schemes and the hope of getting in early that everybody hopes to get in early on one of the they're not really against jamie dimon or lloyd blankfein are any of these other ponzi schemes being operated around the world the only time they get angry is that they weren't involved early on but because they have they...
SFGTV2: San Francisco Government Television
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Dec 1, 2012
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help us bring more people into the economy, to the wonderful city of san francisco. * make sure that their lives are respected with dignity and with the prosperity this city has to offer. thank you for being here in this wonderful, wonderful city of san francisco. (applause) >> thank you, mayor lee. that was beautiful. it's now my pleasure to introduce mayor willie brown who is an iconic figure in our city. and as mayor lee said, the first african-american mayor of san francisco. it is such an -- and a very close friend of mayor moscone. so, it's my pleasure to introduce mayor brown. (applause) >> ann, thank you very much. mr. mayor, members of the boards of supervisors, assemblyman ammiano, [speaker not understood], moscone family, gay men's course, and all of you who are assembled herein, as i look around, i absolutely know that i had probably the greatest pleasure, other than the moscone children, of literally living with george moscone for so many years. mr. mayor, it was when we were in law school together, we were fellow janitors at hastings college of law. george moscone was a
help us bring more people into the economy, to the wonderful city of san francisco. * make sure that their lives are respected with dignity and with the prosperity this city has to offer. thank you for being here in this wonderful, wonderful city of san francisco. (applause) >> thank you, mayor lee. that was beautiful. it's now my pleasure to introduce mayor willie brown who is an iconic figure in our city. and as mayor lee said, the first african-american mayor of san francisco. it is...
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the chinese economy is unsustainable. it's too dependent on global growth and not dependent enough on the consummittion story we're talking about. if they can shift the focus in china, that will be a great long-term story. >> susie: nicholas consonery asia analyst at the eurasia grp. >> tom: apple's iphone 5 got the okay from chinese regulators. the smartphone will go on sale there in about two weeks. it's an important market for apple. in recent months, apple's market share in china has been cut in half to just 10%, something blamed on the lack of the model there. the iphone 5 is expected to be a big hit in china. next friday its newest ipad and ipad mini will hit stores there too. >> susie: greece is one step closer to getting $57 billion in bailout loans. german lawmakers approved the deal reached earlier this week. greece agreed to measures that will drastically reduce its debt over the next seven years. european stock markets and the euro rose on the news. here on wall street, tom, a neutral day on most people here,
the chinese economy is unsustainable. it's too dependent on global growth and not dependent enough on the consummittion story we're talking about. if they can shift the focus in china, that will be a great long-term story. >> susie: nicholas consonery asia analyst at the eurasia grp. >> tom: apple's iphone 5 got the okay from chinese regulators. the smartphone will go on sale there in about two weeks. it's an important market for apple. in recent months, apple's market share in...
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economy for about an hour and 45 minutes. next on book tv. [applause] >> thanks to the fashion institute of technology. unquestionably the most in the world today. [applause] in addition to being nobel laureates i would have to say from the vantage point for the economic thinking those would be my finalists. [applause] as you know, we've written a book that pertains to the challenges and circumstance the price of an equality. on behalf of them i thank you for your patronage and. let's start with paul. paul, you talked about and this depression now. a lot of people don't believe we could end this now. but agency deutsch human beings have to take on this challenge? something that is recognizably the same kind of animal. we victimize it is the same technology still there and skills are still there. look back to the 1930's and there are a lot of people making the argument that there were no easy answers and you could quickly get out of this [inaudible] and the 1939 and these are fundamental problems and if we want to make progress to cut unemploy
economy for about an hour and 45 minutes. next on book tv. [applause] >> thanks to the fashion institute of technology. unquestionably the most in the world today. [applause] in addition to being nobel laureates i would have to say from the vantage point for the economic thinking those would be my finalists. [applause] as you know, we've written a book that pertains to the challenges and circumstance the price of an equality. on behalf of them i thank you for your patronage and. let's...
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economies richard cost money to run. there is misplaced popularity in the libertarian myth that governments don't need to involve themselves in most economic matters and that markets will handle whatever needs to be handled. we need taxes. and we need safety and services and infrastructure in return. in some cases, it is simply more economical for governments to provide services because a scale. health care might be one example. the building and maintenance of smart grids and roads. so think of taxes not as needing to be low but of the return from those taxes of needing to be high. now traditionally, richard, that worked in europe. now it doesn't. they got the math badly wrong. so what once provided a high return is now an utter failure which makes america a tax bargain. but that is going to change, too, richard. so the solution is to move to canada where taxes are low, government offerings are high. you, sir, can come and live with me and sleep on my sofa. >> and here we go. whoever thought that this was going to be the
economies richard cost money to run. there is misplaced popularity in the libertarian myth that governments don't need to involve themselves in most economic matters and that markets will handle whatever needs to be handled. we need taxes. and we need safety and services and infrastructure in return. in some cases, it is simply more economical for governments to provide services because a scale. health care might be one example. the building and maintenance of smart grids and roads. so think of...
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minister has defended the package, saying that a greek bankruptcy would be a major blow to the world economy. >> rescuing greece has been a main priority for the government, the citizens want to know -- what will it cost? >> an overwhelming majority bank of the measures, although the opposition left party voted no. there is still a sense of unease among lawmakers about the cost to taxpayers. the finance minister sought to calm the doubts. >> we are pursuing a policy that restructure's degree budget and economy with as few costs and risks as possible for both germany and your -- europe. it is our goal and must remain our goal that greece at some point must shoulder its debts on its own and that the markets accept greece as a creditor. >> athens still has a long way to go before that happens. german lawmakers acknowledge the sacrifices greeks have already made and understand the ongoing protests. the necessary measures are hitting a lot of people hard. the new bailout package is worth 44 billion euros. germany will bear 730 million of that in the coming year. the opposition accuses the governm
minister has defended the package, saying that a greek bankruptcy would be a major blow to the world economy. >> rescuing greece has been a main priority for the government, the citizens want to know -- what will it cost? >> an overwhelming majority bank of the measures, although the opposition left party voted no. there is still a sense of unease among lawmakers about the cost to taxpayers. the finance minister sought to calm the doubts. >> we are pursuing a policy that...
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it is a product he comes out with is good, if it is fair and just, and moves the countries economy, and starts declining the deficit then it's good. and the process will have worked. if it isn't, then we can revisit the process and say the process was flawed. >> the process getting there is the hard part. we could all in our heads draw up a deal but he has had people over the last couple of weeks, republicans king risk. boehner took a risk, tom cole took a risk and he undercut them. he made them look stupid with what he did yesterday. they feel furious, they feel burned so you have to help your people along. you have to make it more possible. and so that's why i think you just got to what he offered was not only a balanced deal that would be fine if he offered something balance, he offered something even worse from the republican point of view than what he had offered a couple years ago. so he started with drawing things off the tab and it seemed like chest beats. >> we just went through an election, david. the republicans are the ones who are for medicare kurkts they really are. so wha
it is a product he comes out with is good, if it is fair and just, and moves the countries economy, and starts declining the deficit then it's good. and the process will have worked. if it isn't, then we can revisit the process and say the process was flawed. >> the process getting there is the hard part. we could all in our heads draw up a deal but he has had people over the last couple of weeks, republicans king risk. boehner took a risk, tom cole took a risk and he undercut them. he...
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Dec 1, 2012
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our families can't afford it, and neither can our economy. the second option is better. right now, congress can pass a law that would prevent a tax hike on the first $250,000 of everybody's income. everybody. that means that 98% of americans and 97% of small businesses wouldn't see their income taxes go up at all. and even the wealthiest americans would get a tax cut on the first $250,000 of their incomes. congress can do that right now. they can give families like yours a sense of security going into the new year. they can give companies like this one some certainty about what to expect down the road. and with the issue behind us, we'll have more time to work out a plan to bring down our deficits in a balanced way -- including by asking the wealthiest americans to pay a little more, so we can still invest in the things that make our nation strong, like education and research. so let's begin by doing what we all agree on. both parties say we should keep middle-class taxes low. the senate has already passed a bill to keep income taxes from going up on middle-class familie
our families can't afford it, and neither can our economy. the second option is better. right now, congress can pass a law that would prevent a tax hike on the first $250,000 of everybody's income. everybody. that means that 98% of americans and 97% of small businesses wouldn't see their income taxes go up at all. and even the wealthiest americans would get a tax cut on the first $250,000 of their incomes. congress can do that right now. they can give families like yours a sense of security...
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. ♪ with the best-in-class fuel economy. engineered to move heaven and earth. ♪ guts. glory. ram. aids is not going to take my baby. ♪ aids will not take our future. ♪ our weapons are testing... education, care and support. ♪ and aids... ♪ aids is going to lose. aids is going to lose. ♪ >>> let's get the latest on other stories that we're following tonight. isha is back with a "360" bulletin. >>> a bridge failure caused the derailment of a train carrying toxic chemicals in new jersey. several cars toppled into the delaware river, including one that spilled vinyl chloride. there are no serious injuries reported, but 18 people were sent to the hospital with breathing problems. >>> a faculty member and one other person was killed at casper college in wyoming today. before the attacker apparently committed suicide. police say there were no firearms involved but that the attacker used some type of sharp-edged weapon. >>> ashleigh, this surveillance video could show one of the two winners of the $587.5 million power ball jackpot. check this out. it's from a gas station in mary
. ♪ with the best-in-class fuel economy. engineered to move heaven and earth. ♪ guts. glory. ram. aids is not going to take my baby. ♪ aids will not take our future. ♪ our weapons are testing... education, care and support. ♪ and aids... ♪ aids is going to lose. aids is going to lose. ♪ >>> let's get the latest on other stories that we're following tonight. isha is back with a "360" bulletin. >>> a bridge failure caused the derailment of a train...
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i wish the president had the republican party of great eisenhower we could really rebuild this economy but instead he has a very intransigent republican party that's going to fight him every step of the way the amazing thing to me is that how much of a backbone the president's head in terms of putting his plan on the table rallying his troops the people who voted for him in the in the election and asserting i won this election it's time to raise taxes on the very wealthy and roll it back. and cut taxes for everybody else it's a very very strong hand he has and we'll see how long he can keep it going you know well and the essentially what what you know it when i was around eisenhower what i was saying was eisenhower grew us out of the recession and that's what that's what this is a recipe for and as opposed to cutting us out of out of a recession that are it's find out that obama doesn't dede have the republican party that white eisenhower had but one thing that. we're seeing right now is that republicans already floating a trial balloon to essentially see if they can indeed get away wi
i wish the president had the republican party of great eisenhower we could really rebuild this economy but instead he has a very intransigent republican party that's going to fight him every step of the way the amazing thing to me is that how much of a backbone the president's head in terms of putting his plan on the table rallying his troops the people who voted for him in the in the election and asserting i won this election it's time to raise taxes on the very wealthy and roll it back. and...
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with the french economy mired in depression unemployment figures are at their highest in a decade in this artie's. reports the financial hardship is putting pressure on usually harmonious relationships between the immigrant community and of course. it's always busy at this market on a sunday and from the looks of it you could think this is tehran obey route rather than the french capital this paris neighborhood stands just a stone's throw away from the famous eiffel tower but hardly anyone imagined just twenty years ago that the native french population would be finding itself in a rapidly decreasing minority here this man moved from pakistan in search of a better life but this has not been a smooth ride i don't have a proper work i don't work here. because they don't speak french. many went in france and french people don't have as much work. holiday very give. and this situation is like a ticking time bomb the jobless migrant population is getting more aggressive towards the native french which they believe to be the main cause of their troubles this is described as anti white raci
with the french economy mired in depression unemployment figures are at their highest in a decade in this artie's. reports the financial hardship is putting pressure on usually harmonious relationships between the immigrant community and of course. it's always busy at this market on a sunday and from the looks of it you could think this is tehran obey route rather than the french capital this paris neighborhood stands just a stone's throw away from the famous eiffel tower but hardly anyone...
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there is some work going on about sotomayor and economy in the budget. it is clear the big spike is around health care. that's what the e-mails were about. this week, we saw the e-mails were, send out your #my2k tweet. senator boehner is tweeting, the house gop voted to stop my 2 k. >> it depends on what you want to do. tweeting and facebooking is great to activate people to do things. the question is, what things and what happens to on the grass organizing. on the ground organizing has to do with having an effect locally on a local issue, being able to influence your local media, your local politicians. that is one of the politicians where those that are freaking out about why is obama continuing the campaign fails to understand. it is not as if decisions we focus on are not affected by what is happening locally. the right has known this forever. to organize people at the base and influence local media and officials is important. i want to go back to the health debate. a lot of the local activists wanted single pay yor. in this case, same thing. what ha
there is some work going on about sotomayor and economy in the budget. it is clear the big spike is around health care. that's what the e-mails were about. this week, we saw the e-mails were, send out your #my2k tweet. senator boehner is tweeting, the house gop voted to stop my 2 k. >> it depends on what you want to do. tweeting and facebooking is great to activate people to do things. the question is, what things and what happens to on the grass organizing. on the ground organizing has...
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the economy goes back into recession. it's almost as if they can't strike a deal before you get to the very end, which is understandable. the problem is when you play this game, you can make a terrible mistake, and you know, they're gambling with the whole country here right now. >> house speaker john boehner said friday the white house proposal which begins basically with having $1.6 trillion tax increase among other things was essentially a nonstarter. take a listen. >> there's a stalemate. let's not kid ourselves. i'm not trying to make this more difficult. you've watched me over the last three weeks. i have been guarded in what i have to say because i don't want to make it harder for me or the president or members of both parties to be able to find common ground. >> all right, so common ground. the white house is focused on having high earners, the rich, pay higher taxes and get fewing deductions. if that happens, the middle class comes out ahead. so why is there so much push-back by the republicans? >> the proposal t
the economy goes back into recession. it's almost as if they can't strike a deal before you get to the very end, which is understandable. the problem is when you play this game, you can make a terrible mistake, and you know, they're gambling with the whole country here right now. >> house speaker john boehner said friday the white house proposal which begins basically with having $1.6 trillion tax increase among other things was essentially a nonstarter. take a listen. >> there's a...